Orion Group Holdings Inc is a construction services firm that specializes in providing a wide range of infrastructure and industrial services
The company focuses on delivering solutions in sectors such as marine construction, environmental services, and commercial construction, among others. With a commitment to safety and sustainability, Orion Group works on various projects that contribute to the development and enhancement of critical infrastructure, including bridges, pipelines, and coastal restoration efforts. The organization leverages a skilled workforce and innovative techniques to meet the specific needs of its clients while adhering to industry standards and regulations.
Shares of marine infrastructure company Orion (NYSEORN)
fell 16.4% in the pre-market session after the company reported fourth-quarter 2024 results, which left a lot to be desired, with both revenue and earnings missing the mark by a wide margin. Despite a 7.6% rise in contract revenue, driven by growth in both the Marine and Concrete segments, the company struggled with rising costs and earnings per share, though positive, failed to meet expectations.
Marine infrastructure company Orion (NYSEORN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.6% year on year to $216.9 million. The company’s full-year revenue guidance of $825 million at the midpoint came in 3% below analysts’ estimates. Its non-GAAP profit of $0.16 per share was 12.7% below analysts’ consensus estimates.
HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2024.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 4.5% has trailed the S&P 500’s 9% gain.
HOUSTON, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”, “Orion”), a leading specialty construction company, today announced new Marine and Concrete awards for a total value of approximately $211.7 million. These projects are expected to begin in 2025 with varying completion dates extending through 2026. These awards further reinforce Orion's position as a leader in specialized Marine and Concrete construction.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including Construction Partners (NASDAQROAD) and its peers.
Shareholders of Orion would probably like to forget the past six months even happened. The stock dropped 28.9% and now trades at $7.28. This may have investors wondering how to approach the situation.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including Orion (NYSEORN) and its peers.
Let’s dig into the relative performance of Matrix Service (NASDAQMTRX) and its peers as we unravel the now-completed Q3 construction and maintenance services earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the construction and maintenance services stocks, including MYR Group (NASDAQMYRG) and its peers.
HOUSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (“Orion” and “Company”), a leading specialty construction and engineering company today announced three contract awards, two in its Marine segment and one in its Concrete segment. Each of these projects is expected to start in 2025 and will be completed within 20 months.
HOUSTON, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSEORN) (the “Company”), a leading specialty construction company, today announced that its management team will participate in the following upcoming conferences:
Dredging and coastal protection company Great Lakes Dredge & Dock (NASDAQGLDD)
will be reporting earnings tomorrow morning. Here’s what investors should know.
